NOT LISTED FOR SALE

301 Palmspring Dr Unit 12 Gaithersburg, MD 20878

Estimated Value: $248,110 - $257,000

2 Beds
1 Bath
864 Sq Ft
$396/mo HOA Fee

Last Sold October 18, 2024

Last sale price $245,000 $284 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $1,932/month

50 Days on Market

Highlights

  • Contemporary Architecture
  • Traditional Floor Plan
  • Tennis Courts
  • Fields Road Elementary School Rated A-
  • Community Pool
  • Balcony

About This Home

As of October 2024

Property Id: 1617968

New Floors, New Fridge! Condo Living Steps from Rio/Crown/Kentlands (Pool & W/D Included)

Move into a two-bedroom, one-bath condo that delivers instant convenience and modern style. The entire unit features durable new laminate flooring and a kitchen equipped with a sparkling new refrigerator. Practicality is covered with in-unit washer/dryer, dual closets in the primary bedroom, and a balcony featuring unique double-width sliding doors with built-in blinds. This unit is also available fully furnished for an adjusted rate.

The location is unbeatable: Just minutes from Rio, Crown, and Kentlands for all your shopping and dining needs, and ideally situated near Routes 370 and 270 for quick commutes. Enjoy resort-style amenities with the included community pool and tennis.

Inquire now for a viewing!

Last Agent to Sell the Property

Faith Rosselle

(301) 570-9300 faith.rosselle@verizon.net Rosselle Realty Services License #BR100826 Listed on: 08/08/2024

Last Buyer's Agent

Hanna Wang

(240) 398-8102 hannaprostage@gmail.com Prostage Realty, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,575

Year Built

  • Built in 1987

Lot Details

  • 1,568

HOA Fees

Home Design

  • Contemporary Architecture
  • Entry on the 3rd floor
  • Vinyl Siding

Interior Spaces

  • 864 Sq Ft Home
  • Property has 1 Level
  • Traditional Floor Plan
  • Electric Front Loading Dryer

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Parking

  • Parking Lot
  • Unassigned Parking

Outdoor Features

  • Balcony

Utilities

  • Central Air
  • Back Up Electric Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 160902714194

Community Details

Overview

  • Association fees include all ground fee, common area maintenance, insurance, lawn maintenance, management, pool(s), recreation facility, reserve funds, road maintenance, sewer, water
  • Park Summit HOA
  • Low-Rise Condominium
  • Park Summit Condominiums
  • Park Summit Codm Community
  • Park Summit Codm Subdivision

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Pet Policy

  • Limit on the number of pets

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,575

Year Built

Built in 1987

Lot Details

0

HOA Fees

$396 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 1987
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Dryer - Electric, Dryer - Front Loading, Microwave, Oven/Range - Electric, Refrigerator
  • Entry Floor: 3
  • Interior Amenities: Floor Plan - Traditional, Bathroom - Tub Shower
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 864
  • Living Area Sq Ft: 864
  • Price Per Sq Ft: 289.24
  • Above Grade Finished Sq Ft: 864
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Asphalt Driveway, Unassigned
  • Type Of Parking: Parking Lot

Utilities

  • Refuse: 17.29
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 106.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 290.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Park Summit Condominiums
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: All Ground Fee, Common Area Maintenance, Insurance, Lawn Maintenance, Management, Pool(s), Recreation Facility, Reserve Funds, Road Maintenance, Sewer, Water
  • HOA Name: PARK SUMMIT
  • HOA: Yes
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Outdoor Living Structures: Balcony
  • Zoning: R20
  • In City Limits: Yes

Rental Info

  • Pets: Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2575.00
  • Assessor Parcel Number: 160902714194
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2024

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2024
Closed on
Oct 3, 2024
Sold by
Dlj Mortgage Capital Inc
Bought by
Fan Zengquan and Liu Yi
Seller's Agent
Faith Rosselle
Rosselle Realty Services
Buyer's Agent
Hanna Wang
Prostage Realty, LLC
List Price
$249,900
Sold Price
$245,000
Premium/Discount to List
-$4,900
-1.96%
Views
54
Current Estimated Value
$250,778

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,778
Avg. Annual Appreciation
2.10%

Purchase Details

Closed on
Jan 2, 2024
Sold by
Rosenberg Diane S and Meyer Mark D
Bought by
Dlj Mortgage Capital Inc and Karaian

Purchase Details

Closed on
Aug 15, 2005
Sold by
Cook Craig D
Bought by
Karaian John E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
5.66%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 28, 2005
Sold by
Cook Craig D
Bought by
Karaian John E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
5.66%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 2, 1997
Sold by
Kochheiser Lynn S
Bought by
Cook Craig D and Cook L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fan Zengquan $245,000 None Listed On Document
Fan Zengquan $245,000 None Listed On Document
Dlj Mortgage Capital Inc $164,500 None Listed On Document
Dlj Mortgage Capital Inc $164,500 None Listed On Document
Karaian John E $220,000 --
Karaian John E $220,000 --
Cook Craig D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Karaian John E $44,000
Previous Owner Karaian John E $176,000
Previous Owner Karaian John E $176,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2025 11/10/25 Off Market $2,050 -- --
10/14/2025 10/14/25 For Rent $2,050 0.0% --
10/18/2024 10/18/24 Sold $245,000 -2.0% $284 / Sq Ft
09/28/2024 09/28/24 Off Market $249,900 -- --
09/27/2024 09/27/24 Pending -- -- --
08/08/2024 08/08/24 For Sale $249,900 -- $289 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,575 $211,667 -- --
2024 $2,575 $193,333 $0 $0
2023 $2,326 $175,000 $52,500 $122,500
2022 $2,141 $170,000 $0 $0
2021 $2,152 $165,000 $0 $0
2020 $2,081 $160,000 $48,000 $112,000
2019 $2,088 $160,000 $48,000 $112,000
2018 $2,095 $160,000 $48,000 $112,000
2017 $2,078 $165,000 $0 $0
2016 -- $155,000 $0 $0
2015 $2,090 $145,000 $0 $0
2014 $2,090 $135,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2143304

Bright MLS

APN: 09-02714194